SOURCE: Wall Street News Alert

Wall Street News Alert

October 07, 2009 09:38 ET

Wall Street News Alert: Stock in Focus: GC China Turbine -- October 7, 2009

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL--(Marketwire - October 7, 2009) - Wall Street News Alert's "stocks to watch" this morning are: GC China Turbine Corp. (OTCBB: GCHT), GE (NYSE: GE), SolarWinds® (NYSE: SWI) and Trina Solar Limited (NYSE: TSL).

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GC China Turbine Corp. (OTCBB: GCHT) has issued a press release to provide notice of a filing with the Securities and Exchange Commission (SEC) this week, outlining a Material Definitive Share Exchange Agreement (the "Agreement") with Wuhan Guoce Nordic New Energy Co. Ltd., a People's Republic of China Company ("GC Nordic"), as a requirement of the previously announced voluntary share exchange transaction.

The company is also providing additional details about GC Nordic. Some of the important highlights, according to the press release include:

--  Currently, GC Nordic is executing three contracts of 50 units each
    with the following entities: Daqing Longjiang Wind Power Co., Ltd., Wuhan
    Kaidi Electric Engineering Co., Ltd., and Kelipu Wind Power Co., Ltd.
--  Initial sales efforts have been rewarded with contracts of
    approximately US $128 million.
--  GC Nordic is the only manufacturer of 2-bladed wind turbine systems in
    China. The Company's flagship product is a 1.0 MW utility scale turbine
    with R&D underway for the development of 2.0 MW and 3.0 MW turbines
    specifically targeting large wind farms both on and offshore including
    remote or extreme condition locations.
--  GC Nordic's technology is based on a 10 year, US $75 million research
    and development investment by the government of Sweden. The development
    project that created the technology has been operating for 10 years with
    98% output availability during this period.

According to the press release, GC Nordic was founded as an offshoot of Guoce New Technology Co., a leading technology provider to the Chinese utility industry with a long history as a preferred provider to the utilities industry in China. It is a producer of hydraulic systems and electronic control systems that enjoy a dominant market share of approximately 40% of the indigenous hydro-electric generation industry.

The press release also states that the wind power industry in China is booming. Chinese government guidelines mandate that 30,000 MW of wind power be installed by 2020. Moreover, the Chinese government has mandated that 70% of wind components be sourced domestically by 2010. In the past, imported wind turbines dominated the market, but this is changing rapidly as the growing market and clear policy direction have encouraged domestic production.

Investors for complete details, please refer to yesterday's press release.

The stock closed yesterday at $1.30 a share.

For a previous, in-depth profile of GC China Turbine, visit

GE (NYSE: GE) up 1.5% on 95.6 million shares traded.

GE is a diversified technology, media and financial services company focused on solving some of the world's toughest problems.

SolarWinds® (NYSE: SWI) up 0.8% on 432,000 shares traded.

SolarWinds provides powerful, simple and affordable network management software to more than 85,000 customers worldwide -- from Fortune 500 enterprises to small businesses.

Trina Solar Limited (NYSE: TSL) up 6.9% on 1.2 million shares traded.

Trina Solar Limited is a well recognized manufacturer of high quality photovoltaic modules.

Market Commentary:

Gold rose as high as $1,045 an ounce on the Nymex before closing at $1,039.70, its highest finish since March 2008. Taking inflation into account, the high was $2,200 an ounce back in January 1980, according to the World Gold Council, an industry trade group.

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